IPO Details

Bidding Dates

23 Jun '23 - 27 Jun '23

Minimum Investment

₹139,200 / 1 Lots (1600 Shares)

Price Range

₹82 - ₹87

Maximum Investment

₹139,200 / 1 Lots (1600 Shares)

Retail Discount

Not Applicable

Issue Size

₹53.62 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors   |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 23, 2023

IPO Closing Date

Jun 27, 2023

Basis of Allotment

Jul 3, 2023

Initiation of Refunds

Jul 4, 2023

Credit of Shares to Demat Account

Jul 5, 2023

IPO Listing Date

Jul 6, 2023

UPI Mandatory Expiry Date

Jun 27, 2023

IPO Subscription Details


Day 1Jun 23, 2023

2.47 1.07 1.63 1.96

Day 2Jun 26, 2023

3.21 5.64 14.27 7.45

Day 3Jun 27, 2023

10.70 52.34 50.48 30.88

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyer 10.70
Non-Institutional Buyers 52.34
Retail Investors 50.48
Total 30.88

About Greenchef Appliances Ltd

Greenchef Appliances is a prominent Indian company engaged in the manufacturing and marketing of a diverse range of kitchen appliances. Under the brand name Greenchef, the company offers a comprehensive selection of kitchen solutions to meet the needs of its customers. Their product portfolio includes Gas Stoves, Pressure Cookers, Mixer Grinders, Wet Grinders, Electric Rice Cookers, Induction Cooktops, Non-stick Cookware, Kettles, Hose Pipes, Gas Cylinder Trolleys, and Spin Mops.

The company has positioned itself as an emerging player in the Indian market for kitchen appliances. They have gained recognition and trust in the industry for their quality products and affordable pricing. With a focus on meeting diverse customer requirements, Greenchef offers its products at different pricing points, ensuring accessibility to a wide range of consumers.

Greenchef Appliances has embraced the growing trend of e-commerce and sells its products on popular online platforms such as Flipkart India Private Limited, Jiomart, Bigbasket, and Amazon Seller Services Private Limited. This online presence allows them to reach a larger customer base and expand their market reach.

Greenchef Appliances Limited IPO Details

Greenchef Appliances Limited IPO is a 100% fresh issue of 6,163,200 equity shares aggregating up to ₹53.62 Cr. The offer has its price band set between ₹82 to ₹87 per share, and the lot size is 1600. The opening date for Greenchef Appliances Limited IPO is Friday, 23 June 2023 and the closing date is Tuesday, 27 June 2023. The IPO will list on the NSE.

Greenchef Appliances Limited IPO Objective 

The objectives of Greenchef Appliances Limited's IPO are listed below:

  • Funding capital expenditure towards the installation of additional plant and machinery. 
  • Funding capital expenditure towards the construction of factory building.
  • Funding of working capital requirement.
  • General corporate purpose.

Competitive Peers

TTK Prestige Limited, Hawkins Cookers Limited, Stove Kraft Limited and Butterfly Gandhimathi Appliances Limited are the listed peer companies operating in the same business line.

Highlights of Greenchef Appliances Ltd

  • In terms of manufacturing, Greenchef Appliances Limited operates three facilities located in Bengaluru, Karnataka, and one in Parwanoo, Himachal Pradesh. The Parwanoo facility focuses on the production of Gas Stoves and hose pipes. These manufacturing capabilities allow the company to maintain quality control and meet the demands of the market effectively.
  • To ensure customer satisfaction, the company has established a robust customer support system. They have a dedicated service team comprising 130 technicians across 13 states, as of December 31, 2022. Additionally, they have appointed 107 authorised service providers across 15 states to cater to customer needs promptly. The company utilises CRM software to track customer requests and provide efficient after-sales support.
  • Greenchef Appliances Limited has also established marketing agreements with renowned oil companies such as Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, and Bharat Petroleum Corporation Limited. This collaboration helps strengthen their distribution network and provides additional marketing opportunities for their products.

Company Financials

Particulars 9 months period ended Dec 31, 2022*(₹ lakhs) FY 2021-22 (₹ lakhs) FY 2020-21 (₹ lakhs)
Revenue from Operations 25,482.78 33,578.47 23,899.10
Profit After Tax (PAT) 1021.55 76.54 251.34
PAT Margin 4.01% 0.23% 1.05%
EBITDA 1761.77 728.60 858.34
EBITDA Margin 6.91% 2.17% 3.59%
Net Worth 6,062.39 5,170.68 5,093.27
ROE 18.19% 1.49% 5.05%

Know before investing


  1. Greenchef Appliances Limited has established a strong presence in the Indian market. With operations in 22 states and 3 Union Territories of India, the company has effectively expanded its reach and penetrated various regions across the country.

  2. The company has demonstrated consistent revenue growth over the years. With revenue from operations amounting to ₹25,482.78 lakhs, ₹33,578.47 lakhs, ₹23,899.10 lakhs, and ₹23,754.52 lakhs for the periods ended December 31, 2022, and Fiscal 2022, 2021, and 2020 respectively, Greenchef Appliances Limited has showcased its ability to generate significantly increased income.


  1. Greenchef has experienced negative cash flows from operations in the recent past and may have negative cash flows in the future.

  2. The future success of the company depends on its ability to promote the brand and protect its reputation. Greenchef’s failure to establish and promote its brand and any damage to its reputation will hinder the company’s growth.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Greenchef Appliances Ltd IPO FAQs

What is Greenchef Appliances Limited's IPO?

The Greenchef Appliances Ltd IPO is a fresh issue IPO of 6,163,200 equity shares of a face value of ₹10 aggregating up to ₹53.62 Crores. The price band is set between ₹82 to ₹87 per share.

When will Greenchef Appliances Limited's IPO allotment be available?

The Basis of Allotment date is Monday, 3 July 2023.

What will be Greenchef Appliances Limited's IPO lot size?

The lot size for Greenchef Appliances  Ltd. is 1600.

When will Greenchef Appliances Limited's IPO open for subscription?

The IPO subscription window opens on Friday, 23 June 2023, and closes on Tuesday, 27 June 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Greenchef Appliances Limited list on exchanges?

Greenchef Appliances  Ltd. IPO will list on the NSE exchange on Thursday, 6 July 2023.

How do I check the allotment status of the Greenchef Appliances Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP.
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Greenchef Appliances Limited IPO?

Listing gains cannot be ascertained before listing the IPO on the stock exchange, which is Thursday, 6 July 2023 for Greenchef Appliances Ltd.

I have finished the application process for the Greenchef Appliances Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Greenchef Appliances Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Greenchef Appliances Limited using one PAN?

You can submit only one application using your PAN card.